Slovenia’s industrial production up 6.9% y/y in April

Slovenia’s industrial production up 6.9% y/y in April
Industrial production indices, Slovenia (Ø 2015=100)
By bne IntelliNews June 8, 2018

Slovenia’s industrial production increased by 6.9% y/y in April, speeding up from growth of 6.4% y/y in March when it slowed down from 7.2% y/y in February and 12.7% y/y in January, the Slovenian Statistical Office said on June 8. 

Slovenia’s industrial production increased 8% y/y in 2017. Industrial production growth has accelerated in recent years and the same trend is expected this year.

On a monthly basis the industrial production in April remained the same as in March when it increased by a modest 0.5%, reversing the negative trend from the previous two months.

At the annual level industrial activity in mining and quarrying and in manufacturing increased, by 14.0% and 7.4%, respectively. Meanwhile, activity in electricity, gas and steam supply decreased by 0.2%.

At the monthly level, industrial activity increased in mining and quarrying  (by 25.4%) and in manufacturing (by 0.3%) while it decreased in electricity, gas and steam supply (by 4.2%), according to the latest statistical office data.

In April, the value of industrial production was 21.4% higher than the average of 2015. As regards technological complexity in manufacturing, the largest long-term increase was recorded in medium-low-technology manufacturing (by 27.8%), the statistical office said on June 8.

In January-April, industrial production in Slovenia increased 7.8% against the same period in 2017.